Many individuals and couples put off having their wills drafted due to what they may consider complex family situations such as excluding a family member or members from benefiting from their estate. In some cases, the solution may not be as complicated as one may assume.
What is a Protective Property Trust (PPT)?
As we have mentioned in previous Blogs, there are many different types of Trusts that achieve different objectives. Today we will discuss Protective Property Trusts (PPT) which a Trust that is written into wills.
What is a Lasting Power of Attorney (LPOA)?
An LPOA is a document that allows an individual (the donor) to appoint people they trust (attorneys) to handle their affairs on their behalf if they were to ever lose the mental or physical capacity.
RRK Legal explain all in this blog! A Right of Occupation (ROO) is a clause that can be included in a will to allow someone to reside at your property after your death. A ROO allows one to ensure someone that is living with them will not be made homeless if one passed away whilst they were still living there.
Many of our clients have beneficiaries that are disabled, vulnerable or for whatever reason may not be able to take control of and keep safe their inheritance. In this scenario, we at RRK Legal would advise a Disabled/Vulnerable Person’s Trust in the clients will. In this blog, we will discuss why this type of Trust within the will can be important and exactly how it works.
Find out how RRK Legal can help you. Contact our friendly team for a guaranteed fast response.